KEP FY 2006 Earnings Report — Korea Electric Power Corporation Revenue & Financial Results | Market Cap Arena

Korea Electric Power CorporationKEP

FY 2006 Earnings

Reported June 29, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$17.6B	—	—	—	—
Op. Income	$2.3B	—	—	—	—
Gross Margin	92.4%	—	—	—	—
Net Margin	8.1%	—	—	—	—
EPS (Diluted)	$1.09	—	—	—	—
Free Cash Flow	$173M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$16.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$13.0B
Operating Expenses	$14.1B
Cost & Expenses	$15.4B
OPERATING INCOME	$2.3B
Interest Income	$101M
Interest Expense	$451M
Other Income/Expenses	-$87M
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$736M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$3.7B
EBIT	$2.3B
EBITDA	$6.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$16.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$13.0B
Operating Expenses	$14.1B
Cost & Expenses	$15.4B
OPERATING INCOME	$2.3B
Interest Income	$101M
Interest Expense	$451M
Other Income/Expenses	-$87M
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$736M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$3.7B
EBIT	$2.3B
EBITDA	$6.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$3.7B
Stock-Based Compensation	$0
Deferred Income Tax	-$118M
Other Non-Cash Items	$426M
Change in Working Capital	-$416M
OPERATING CASH FLOW	$5.0B
Capital Expenditure	-$4.9B
Acquisitions (Net)	$25M
Purchases of Investments	-$42M
Sales/Maturities of Investments	$36M
Other Investing Activities	$87M
NET CASH FROM INVESTING	-$4.7B
Net Debt Issuance	$1.0B
Common Stock Repurchased	-$477M
Common Dividends Paid	-$498M
Other Financing Activities	-$46M
NET CASH FROM FINANCING	$11M
FREE CASH FLOW	$173M
Net Change in Cash	$288M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$1.4B
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$5.7B
PP&E (Net)	$42.0B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$45.3B
TOTAL ASSETS	$51.0B
Account Payables	$1.3B
Short-Term Debt	$3.0B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$5.6B
Long-Term Debt	$9.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.5B
Other Non-Current Liabilities	-$11.4B
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$23.2B
Common Stock	$2.1B
Additional Paid-In Capital	$9.3B
Retained Earnings	$16.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$489M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$27.7B
Minority Interest	$97M
TOTAL EQUITY	$27.8B
TOTAL LIABILITIES & EQUITY	$51.0B
Total Debt	$13.0B
Net Debt	$11.8B